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Any business day on which the clearing corporation is open to effect trade clearing and settlement.

With rights. The owner of shares purchased cum rights is entitled to forthcoming, already-declared rights. The opposite of this is ex rights.

The trading number of the clearing Participating Organization or Member.

The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day’s settlement price.

The trading day before the ex-dividend/distribution (ex-d) date. It is the last day on which the securities can be traded and on which the buyer is entitled to the dividend/distribution.

An order from a retail customer of a Participating Organization.

A stock of a company in an industry sector that is particularly sensitive to swings in economic conditions.

The highest price that a security has traded at during the day.

Investors buy shares from other share holders, and sell shares to other investors. Share price is determined by supply and demand for fund shares (as opposed to Net Asset Value for open-end Funds). 

The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day’s settlement price.